DEC's acquisition of Canvas Energy lifts production, expands its Oklahoma position and strengthens financial flexibility through a major ABS deal.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) shares climbed 10% to 1,061p after the company raised its full-year targets following a record third quarter that saw profits, cash flow and shareholder returns all surge. The US-focused gas and oil producer now expects adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of between $900 million and $925 million for 2025, about 7% higher than previously forecast, and has lifted its free-cash-flow goal by 5% to around $440 million.
Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) has lifted its targets for this year on the back of a strong third quarter, pairing record earnings with punchier shareholder payouts. The US-focused producer said today it now expects 2025 adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of $900–$925 million, about 7% higher than before, and has nudged its adjusted free-cash-flow goal up 5% to roughly $440 million.
In the latest trading session, Diversified Energy Company PLC (DEC) closed at $12.68, marking a -4.45% move from the previous day.
In the latest trading session, Diversified Energy Company PLC (DEC) closed at $12.82, marking a +1.99% move from the previous day.
Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) has announced a new partnership with the State of West Virginia to establish the Mountain State Plugging Fund, a $70 million financial assurance program to retire oil and gas wells without burdening taxpayers. Announced jointly by Governor Patrick Morrisey and Diversified Energy, the fund represents the first public-private partnership of its kind in the United States.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Diversified Energy said late on Tuesday it would move its primary listing to the New York Stock Exchange, becoming the latest company to prioritize listing in the United States over the UK as businesses tap into a booming U.S. market.
Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) announced plans to transfer its primary listing to the New York Stock Exchange. The company, which already has a dual listing, said it will retain a secondary listing in London.
Diversified Energy Company PLC (LSE:DEC, NYSE:DEC) has announced that a share sale by shareholders EIG and FS/KKR has been priced at $13.75 per share. A secondary placing of some 5.71 million existing shares is being undertaken by brokers Mizuho, Raymond James and Citi.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?